Which of the Following Is an Example of a Positive,as

question 3

Multiple Choice

Which of the following is an example of a positive,as opposed to normative,statement?

• A)When the minimum wage is increased,unemployment is a predictable consequence.
• B)The income tax rate should be increased to offset the budget deficit.
• C)Increasing government spending is the best way to help the economy move out of a recession.
• D)More than one of the above are positive statements.

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Definitions:

Price-elastic

A characteristic of goods where their demand or supply changes significantly when their price changes.

Emergency Visits

Instances when individuals seek immediate medical attention and care in a hospital's emergency department, often due to accidents or sudden illnesses.

Doctor

A professional who practices medicine, which is concerned with promoting, maintaining, or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity greater indicating a more sensitive change.